SEC-575 -- EXEMPTION FROM HOUSING DEVELOPMENT GRANT CONSTRUCTION
COMMENCEMENT REQUIREMENTS.
(a) In General.-Notwithstanding section 17(d)(4)(G) of the United
States Housing Act of 1937 and subject to approval in appropriations
Acts, the county of Santa Cruz, in the State of California, may not be
required to return, and the Secretary of Housing and Urban Development
may not recapture, any housing development grant amounts referred to in
subsection (b) if during the 6-month period beginning on the date of the
enactment of this Act the county (or any subgrantee) commences
construction or substantial rehabilitation activities for which such
amounts were made available.
(b) Description of Grant Amounts.-The grant amounts referred to in
subsection (a) are the amounts awarded to the county of Santa Cruz, in
the State of California, on October 1, 1987, under section 17(d) of the
United States Housing Act of 1937, for the purpose of providing 37
housing units for low- and very low-income families at the Murphy's
Crossing housing development (project no. CA030HG701).